Mahaveer Infoway Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	25.54	27.31	54.13	41.06	30.38	12.38
Other Revenue	0.01	0.02	-	0.72	-	-
Revenue	25.55	27.33	54.13	41.78	30.38	12.38
Revenue Growth (YoY)	-10.88%	-49.51%	29.57%	37.50%	145.47%	-43.79%
Cost of Revenue	18.82	20.02	42.53	29.85	20.5	11.66
Gross Profit	6.73	7.31	11.61	11.93	9.88	0.72
Selling, General & Admin	0.03	0.07	0.07	0.06	0.04	0.04
Other Operating Expenses	4.46	5.65	10.89	5.77	1.01	1.04
Operating Expenses	5.77	7.05	17.1	6.65	6.1	1.79
Operating Income	0.96	0.26	-5.49	5.29	3.78	-1.07
Interest Expense	-0.62	-1.29	-1.31	-1.41	-1.46	-2.11
Interest & Investment Income	1.4	2.79	2.56	0.18	-	0.07
Other Non Operating Income (Expenses)	-0	-	0	0.04	-	-0
EBT Excluding Unusual Items	1.73	1.76	-4.24	4.1	2.32	-3.11
Gain (Loss) on Sale of Investments	-	-	0.38	-	-	-1.5
Gain (Loss) on Sale of Assets	-	-	-	-6.43	-	-
Pretax Income	1.73	1.76	-3.86	-2.34	2.32	-4.61
Income Tax Expense	0.48	0.96	0.03	0.8	0.23	0.07
Net Income	1.25	0.8	-3.89	-3.14	2.09	-4.68
Net Income to Common	1.25	0.8	-3.89	-3.14	2.09	-4.68
Shares Outstanding (Basic)	5	6	6	6	6	6
Shares Outstanding (Diluted)	5	6	6	6	6	6
EPS (Basic)	0.24	0.15	-0.71	-0.57	0.38	-0.85
EPS (Diluted)	0.24	0.15	-0.71	-0.57	0.38	-0.85
Free Cash Flow	0.53	-1.04	-4.6	6.98	11.34	-4.97
Free Cash Flow Per Share	0.10	-0.19	-0.83	1.27	2.06	-0.90
Gross Margin	26.33%	26.75%	21.44%	28.56%	32.52%	5.82%
Operating Margin	3.76%	0.95%	-10.15%	12.65%	12.43%	-8.67%
Profit Margin	4.90%	2.93%	-7.19%	-7.52%	6.88%	-37.84%
Free Cash Flow Margin	2.07%	-3.80%	-8.49%	16.71%	37.33%	-40.18%
EBITDA	1.88	1.43	-4.41	5.93	4.48	-0.36
EBITDA Margin	7.37%	5.24%	-8.14%	14.19%	14.73%	-2.91%
D&A For EBITDA	0.92	1.17	1.09	0.64	0.7	0.71
EBIT	0.96	0.26	-5.49	5.29	3.78	-1.07
EBIT Margin	3.76%	0.95%	-10.15%	12.65%	12.43%	-8.67%
Effective Tax Rate	27.80%	54.64%	-	-	9.77%	-
Revenue as Reported	26.94	30.12	57.07	41.99	30.38	12.49
Advertising Expenses	-	0.07	0.07	0.06	0.04	0.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.